Record-breaking global military spending fueled by conflicts.

Global military spending reached a record high of $2.24 trillion in 2022, with the US spending $877 billion, more than the next 10 countries combined, according to a report by the Stockholm International Peace Research Institute. Many European countries increased their military spending in response to Russia's invasion of Ukraine, while China's military budget grew by 4%. Russia increased its spending by 9%, and Ukraine increased its spending by 640%. The trend of increasing military spending has continued since 2015, with a 3.7% increase in 2022.